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Where has all the Gold gone?

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posted on Dec, 27 2011 @ 07:28 AM
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Humans have been mining gold not hundreds of years but for thousands of years. Gold was one of the first metals we mined for and with each passing decade the quantity that we have been extracting from the Earths crust has increased with better techniques and technology.
No man who ever found gold dumped it back in the ground again so thousands of years worth of mined gold should now be on the Earths surface in circulation. In 2009 alone an estimated 2350 tonnes of gold was extracted from the Earths crust. We don’t use gold for making alloys in the same way as we do other metals such as copper which is used in massive quantities to make brass, bronze, copper piping and electrical copper wires.
So where is all the millions and millions of tons of gold, thousands of years worth of mining gone?





posted on Dec, 27 2011 @ 07:36 AM
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the rothschilds and other banking families sell it back to you in the greatest, foolproof and complex ponzi scheme ever devised by man.

they don't actually sell you the physical gold, just certificates.



posted on Dec, 27 2011 @ 07:37 AM
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It has just been melted down and made into a different thing, but really there isn't much Gold on the planet and all the gold ever mined would make a cube 20.4m on a side.en.wikipedia.org... which isnt alot is it?
Platinum on the other hand because we have only mined it for 200 odd years would only be 6.3m on side of a cube.
Also millions and millions of tonnes? no we have only mined around 165,000 tons in our history.
edit on 27-12-2011 by boymonkey74 because: (no reason given)



posted on Dec, 27 2011 @ 07:41 AM
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There are a lot of electronical components that contains a few gold. it's one of the materials that gets the less interferences (probably due to low resistivity, but i'm not an expert on that part)
Many connectors today are still using gold... They are of course very small quantities, but if you multiply the small quantity to the number of differents items that contains some, then by the number of those items sold... that can make a quick grow.



posted on Dec, 27 2011 @ 07:49 AM
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There's an outside chance that you might have been misled. When I look at the chart you provided, I see that the Y-axis is labelled in Millions of Ounces and not millions of tonnes. I don't think that the chart supports the idea that over 2,000 tonnes of gold were mined in any year.

Along these lines, I found a website you might be interested in: Gold history

In the last 6,000 years a little over 125,000 tonnes of gold has been mined. But this history is clearly divided into two eras: before and after the California gold rush of 1848. Some calculations suggest that up until then scarcely 10,000 tonnes of gold had been excavated since the beginning of time. Thus more than 90% of the world's gold has been produced since 1848.



posted on Dec, 27 2011 @ 08:07 AM
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reply to post by charles1952
 


Since 1992 alone roughly 20`000 tons has been extracted alone with over 2000 tons for each year since!



posted on Dec, 27 2011 @ 08:17 AM
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We were created 200,000 years ago to mine gold for aliens. They left with a hold full of gold. Probably as much gold asa we have mined since they left. Or a cube about 60ft on each side.



posted on Dec, 27 2011 @ 08:19 AM
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Where has all the gold gone? Well I have some here. You probably have some.. Your family, friends.. Banks.. The earth is huge.. Its easy to disperse gold amongst the billions of people and vaults.. Its around.. Its in medical equipment.. Its in some satelites.. Its everywhere.



posted on Dec, 27 2011 @ 08:24 AM
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This graph isnt current but it is fairly consistent
Gold Annual Total Demand Chart [CPM Group]
The link didnt take (go to kitco.com: left margin > 'market fundamentals' > 'gold' > 'demand')
edit on 27-12-2011 by CosmicCitizen because: (no reason given)

edit on 27-12-2011 by CosmicCitizen because: (no reason given)



posted on Dec, 27 2011 @ 08:24 AM
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Originally posted by charles1952
There's an outside chance that you might have been misled. When I look at the chart you provided, I see that the Y-axis is labelled in Millions of Ounces and not millions of tonnes. I don't think that the chart supports the idea that over 2,000 tonnes of gold were mined in any year.

Along these lines, I found a website you might be interested in: Gold history

In the last 6,000 years a little over 125,000 tonnes of gold has been mined. But this history is clearly divided into two eras: before and after the California gold rush of 1848. Some calculations suggest that up until then scarcely 10,000 tonnes of gold had been excavated since the beginning of time. Thus more than 90% of the world's gold has been produced since 1848.






and it should be noted that before the Californian & Alaskan gold rushes, all the gold discovered was able to be seen and held physically...mined by Aztecs/Maya/slaves/ prospectors


in the modern era most of the gold of today is processed or extracted by chemical processes of the unseen gold contained in the mineral deposit soil...
an 'ore grade' soil might contain a little as 6 grams of gold per tonne of soil, rock, former hill or mountain


www.meadowbaygold.com...



after all is not the rarity of gold is what makes it a PM precious metal


lets compare the cubic feet of diamonds ever mined, compared to gold.....bet we won't be surprised



posted on Dec, 27 2011 @ 08:33 AM
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But is there massive quantities being withheld out of circulation (and records) to keep the price artificially high?

Wonder how big a 125,000 tonnes block of gold would be and if it would in anyway match with the figure given in Wikipedia?
You see that eye on the top of the pyramid, I have a suspicion that a lot of the gold production goes there but what does it represent???



posted on Dec, 27 2011 @ 09:14 AM
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This idea might be way out there, or maybe not. Maybe we are still mining the gold for the anunnaki....the story goes that the gold was needed to stabalize their atmosphere on Nibiru. Just a thought, but when I read about about gold my mind automatically goes there for some reason.

PLPL



posted on Dec, 27 2011 @ 09:17 AM
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The huge rise in gold prices and there being no new demand for it only leaves me to conclude that someone is making something big out of gold, and they have alot of money.



posted on Dec, 27 2011 @ 06:32 PM
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The rise in gold prices is due to inflation of the currency in general. Prices on everything are going up.



posted on Dec, 27 2011 @ 07:15 PM
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reply to post by Minori
 


Since Nibiru is the summerian name for Jupiter, I bet we didn't mined enough gold at this time
since it's now just a huge ball of gas



posted on Dec, 27 2011 @ 07:30 PM
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There are 12 troy ounces per troy pound, rather than the 16 ounces per pound found in the more common avoirdupois system.
there is 2430.5555555530236 troy pounds in one ton.

so 80 Moz would be
would be about 2743 tons of gold

But many mines get only 1/10 of a once per ton and it takes 10 tons of ore to get one troy once of gold.
but if it cost $1000 to mine ten tons of ore and gold is going for $1600 a troy once and you are mining 1 million tons of ore a years you are getting 100,000 troy ounces or 83333 troy pounds or 3,41 tons per year.
some mines in Nevada mined that much per year.

at 100,000 troy ounces the mine profit would be $60 million a year then you would have to subtract taxes fees and regulation cost they might make $40m a years if lucky.
edit on 27-12-2011 by ANNED because: (no reason given)



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